Peter Benesh
Ultra Messaging: Carrying the Load for Financial Exchanges
In a recent post: Remove the Restrictor Plate with High Performance Load Balancing, my colleague Jeff Brokaw compared the high performance architecture of Informatica Ultra Messaging to the removal of the carburetor restrictor plate on a NASCAR racing engine to increase airflow and speed. Ultra Messaging has removed the “restrictor plate” in that it provides direct peer-to-peer communication between applications with no intermediary brokers – thereby delivering extremely high and sustained throughput rates at low latencies. (more…)
Informatica Ultra Messaging Enables Early SEF Movers
In a recent post: Informatica Ultra Messaging Software Supports Capital Markets Reforms, I discussed the technology implications of the OTC derivatives (swaps) market moving to electronic trading as mandated by the Dodd-Frank Act (DFA) in the US and the European Market Infrastructure Regulation (EMIR) in Europe. One area where new technology infrastructure will be especially critical is in the creation and operation of “exchanges” for electronic swaps trading, similar to what is used for equities and other asset classes. In the language of the DFA, such exchange venues are called Swap Execution Facilities (SEFs) and are defined as “a facility, trading system or platform in which multiple participants have the ability to execute or trade swaps by accepting bids and offers made by other participants that are open to multiple participants in the facility or system, through any means of interstate commerce.” This of course includes capturing orders electronically, matching bids and offers, executing the trades, and providing connections to central clearing houses. And perhaps nowhere else in the new ecosystem is the expected growth in message volumes and associated need for new messaging middleware technology more evident than here. (more…)
Informatica Ultra Messaging Software Supports Capital Markets Reforms
As a leader in providing enterprise software to the capital markets industry, Informatica is well aware of the technological impact of current financial reforms on many segments of that industry. To help its customers fully understand this impact, Informatica commissioned a study by the TABB Group to investigate the ramifications of key new regulations in the United States and Europe on company IT infrastructures, with a specific focus on the OTC derivatives market (also known as the swaps market).
The findings of this study have been published in a TABB Group report entitled “Technology and Financial Reform: Data, Derivatives and Decision Making”, which highlights the critical requirement for a robust messaging architecture within the required new IT infrastructure. (more…)
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